Hut 8 (NASDAQ:HUT) Trading Up 8.6% – What’s Next?

Shares of Hut 8 Corp. (NASDAQ:HUT) rose 8.6% during mid-day trading on Tuesday . The stock traded as high as $58.81 and last traded at $58.6780. Approximately 2,678,177 shares changed hands during trading, a decline of 49% from the average daily volume of 5,293,124 shares. The stock had previously closed at $54.03.

Hut 8 News Roundup

Here are the key news stories impacting Hut 8 this week:

• Positive Sentiment: Q4 revenue surge and AI/power-first pivot — Zacks highlights that Hut 8’s Q4 revenues jumped ~179% Y/Y, driven by Compute growth and a strategic shift toward AI and power-first infrastructure, which supports a higher-growth narrative for investors. HUT 8 Q4 Earnings Surpass Estimates, Revenues Increase Y/Y
• Positive Sentiment: Analyst upgrades/price-target increases — Needham raised its target to $66 (buy), Rosenblatt reaffirmed buy with $65 PT, and HC Wainwright reaffirmed buy with an $80 PT, lifting consensus optimism and signaling expected upside. Benzinga
• Positive Sentiment: Strategic partnership with Vertiv — Vertiv announced a collaboration to scale AI deployments using its OneCore modular infrastructure with Hut 8, improving Hut 8’s go-to-market credibility in high-density AI hosting. Vertiv Industrializes AI Deployment with Digitally Orchestrated Infrastructure, Collaborates with Hut 8 to Scale
• Neutral Sentiment: Brokerage consensus is constructive — coverage aggregation shows a consensus “Buy,” which supports sentiment but is already priced in to some extent. Hut 8 Corp. Receives Consensus Recommendation of “Buy”
• Neutral Sentiment: Earnings call materials available — Seeking Alpha and the company’s slide deck/earnings call transcript provide detail on metrics, strategy and guidance; useful for digging into margins, capital allocation, and AI revenue cadence. Hut 8 Corp. 2025 Q4 – Results – Earnings Call Presentation
• Negative Sentiment: Large EPS miss and GAAP loss — Company-reported EPS missed consensus materially (reported roughly ($2.75) vs. expectations near ($0.16)), with a significant GAAP net loss; those headline numbers can trigger short-term selling and higher volatility. View Press Release
• Negative Sentiment: Revenue fell short of some expectations — Third-party coverage noted revenue beat vs. year-ago but came in below some Street estimates, which, combined with the loss, created mixed market reaction. Hut 8 Stock Pops As Earnings Highlight AI Pivot

Analyst Ratings Changes

HUT has been the subject of several research reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Hut 8 in a research note on Monday, December 29th. Canaccord Genuity Group upped their price target on shares of Hut 8 from $54.00 to $62.00 and gave the company a “buy” rating in a report on Thursday, December 18th. Craig Hallum restated a “buy” rating and set a $80.00 price objective on shares of Hut 8 in a research report on Thursday, December 18th. Northland Securities set a $58.00 target price on shares of Hut 8 in a report on Wednesday, November 5th. Finally, Piper Sandler reissued an “overweight” rating on shares of Hut 8 in a research note on Thursday, December 18th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Hut 8 currently has a consensus rating of “Buy” and an average target price of $65.06.

Hut 8 Stock Performance

The firm’s fifty day simple moving average is $54.68 and its 200 day simple moving average is $43.60. The company has a market capitalization of $5.92 billion, a price-to-earnings ratio of -23.63 and a beta of 4.42. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.72 and a quick ratio of 0.72.

Institutional Trading of Hut 8

Several large investors have recently added to or reduced their stakes in HUT. Nisa Investment Advisors LLC boosted its position in shares of Hut 8 by 116.4% in the second quarter. Nisa Investment Advisors LLC now owns 1,515 shares of the company’s stock worth $28,000 after buying an additional 815 shares during the period. Advisors Asset Management Inc. lifted its stake in Hut 8 by 68.4% in the 2nd quarter. Advisors Asset Management Inc. now owns 1,613 shares of the company’s stock worth $30,000 after acquiring an additional 655 shares in the last quarter. GAMMA Investing LLC purchased a new stake in Hut 8 in the 4th quarter worth about $30,000. Imprint Wealth LLC acquired a new stake in Hut 8 during the 4th quarter worth about $38,000. Finally, Russell Investments Group Ltd. grew its stake in Hut 8 by 235.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 2,448 shares of the company’s stock valued at $46,000 after acquiring an additional 1,719 shares in the last quarter. 31.75% of the stock is owned by institutional investors and hedge funds.

About Hut 8

Hut 8 Corp., trading on the Nasdaq under the symbol HUT, is a North American digital infrastructure company specializing in cryptocurrency mining and high?performance computing. Founded in 2017 and headquartered in Toronto, Canada, Hut 8 operates purpose?built data centers that house fleets of specialized ASIC and GPU servers. Through its flagship mining facilities in Alberta and Ontario, the company leverages low?cost, low?carbon power sources—such as hydroelectric and natural gas—to support sustainable bitcoin production.